Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn’t bail out the now-collapsed Silicon Valley Bank (SVB) but said it will work to aid depositors who are worried about their money. During a Sunday interview with CBS News’ “Face the Nation,” Yellen did not provide many concrete details about what her agency or…
US Treasury Secretary Announces No Federal Bailout for Silicon Valley Bank
Biden Admin Makes Major Announcement After Silicon Valley Bank Collapse
Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn’t bail out the now-collapsed Silicon Valley Bank (SVB) but said it will work to aid depositors who are worried about their money. During a Sunday interview with CBS News’ “Face the Nation,” Yellen did not provide many concrete details about what her agency or…
Biden Budget Proposes $17 Trillion in Deficits Over Next Decade
March 10, 2023
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Business & Marketsdeficiteconomic policieseconomyExecutive BranchJanet YellenJoe BidenPolicies & ImpactsPoliticsUS
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President Joe Biden revealed the third budget of his presidency, proposing to spend $6.8 trillion and raise taxes by approximately $5 trillion. Despite being promoted as a deficit-reducing plan, the White House forecasts trillions in budget shortfalls over the next decade. According to the administration’s projections (pdf), the U.S. government would record $17.055 trillion in…
Higher Corporate Taxes Are Needed for Investing in Economy, Janet Yellen Says in Post-Budget Hearing
Raising the U.S. corporate tax rates is crucial for investing in the national economy and ensuring that the country is competitive in a global marketplace, Treasury Secretary Janet Yellen told Congress one day after the White House released its budget. President Joe Biden unveiled the fiscal year 2024 budget on Thursday, proposing a 28 percent…
LIVE NOW: Secretary of Treasury Yellen Testifies on Biden’s Budget to House Committee
U.S. Secretary of the Treasury Janet Yellen testifies to the House Ways and Means Committee at 9:00 a.m. ET on March 10 on President Joe Biden’s FY’24 Budget Request. …
Secretary of Treasury Yellen Testifies on Biden’s Budget to House Committee
U.S. Secretary of the Treasury Janet Yellen testifies to the House Ways and Means Committee at 9:00 a.m. ET on March 10 on President Joe Biden’s FY’24 Budget Request. …
LIVE NOW: Secretary of Treasury Janet Yellen Speaks at the Center for Strategic and International Studies
U.S. Secretary of Treasury Janet Yellen speaks at the Center for Strategic and International Studies (CSIS) in Washington D.C. at 11:30 a.m. ET on Feb. 9. The Epoch Times will livestream the event. …
Secretary of Treasury Janet Yellen Speaks at the Center for Strategic and International Studies
U.S. Secretary of Treasury Janet Yellen speaks at the Center for Strategic and International Studies (CSIS) in Washington D.C. at 11:30 a.m. ET on Feb. 9. The Epoch Times will livestream the event. …
Yellen: ‘You Don’t Have a Recession’ When US Unemployment at 53-year Low
WASHINGTON—U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market. “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years,”…
House Democrats Propose Eliminating Debt Ceiling; Yellen Shoots Down $1 Trillion Coin
January 24, 2023
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Business & MarketsDemocratsJanet YellenPlatinum coinPolicies & ImpactsPoliticsrecessionUSUS debt ceilingUS News
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Dozens of House Democrats believe it is time to eliminate the debt ceiling and instead allow unlimited borrowing so the government can spend whatever it needs. The federal government is entrenched in another battle over the debt ceiling after Washington hit its borrowing limit of about $31.4 trillion last week. As a result, the Treasury…
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